The Globe and Mail reports in its Tuesday, April 25, edition that National Bank Financial analyst Rupert Merer has reaffirmed his "outperform" recommendation for GFL Environmental. The Globe's David Leeder writes that Mr. Merer raised his share target by $2 to $52. Analysts on average target the shares at $45.41. Mr. Merer sees GFL closing "the gap with peers as it realizes cash flow growth and deleverages." GFL releases its first quarter earnings after the bell on Thursday. Mr. Merer thinks the company will likely be "catching a break" for the remainder of the fiscal year, seeing organic growth and deleveraging as the focus moving forward. Mr. Merer says in a note: "GFL should take a more subdued approach in 2023, with $300-million to $500-million earmarked for tuck-in acquisitions, compared to the $1-billion it closed in 2022. GFL also intends to sell three non-core U.S. solid waste regions this year, which should raise $1.5-billion. This slowdown in acquisitions and $66-million and FCF expected in 2023 should help GFL reduce leverage. ... For 2023, GFL's guidance points toward 12- to 13-per-cent growth in revenue. ... This year, GFL plans to digest past acquisitions and focus on operational efficiencies."